NormDensity (Function)
DisclaimerThe NormDensity function calculates the normal density (also called distribution) for a specific value.
Syntax
NormDensity(Price, Length)
Returns (Double)
A numeric value containing the normal density (also called distribution) for a specific value.
Parameters
|
Name |
Type |
Description |
|
Price |
Numeric |
Specifies which bar value (price, function, or formula) to be considered. |
|
Length |
Numeric |
Sets the number of bars to be considered. |
Remarks
This function has a very wide range of applications in statistics, including hypothesis testing.
Example
Assigns to Value1 the normal density of the current Close based on the last 20 bars.
Value1 = NormDensity(Close, 20);